Cryptocurrency News

Do Kwon’s alleged $80 million withdrawals before Terra fallout triggers mixed reactions

06/11/2022

Less than a minute

2022.06.11 01:05

Do Kwon's alleged $80 million withdrawals before Terra fallout triggers mixed reactions
Do Kwon’s alleged $80 million withdrawals before Terra fallout triggers mixed reactions

Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members of the community to voice their opinions on the matter.

In a tweet, crypto trader and analyst Michaël van de Poppe said that Kwon deserves imprisonment. He compared the Terraform Labs CEO to the infamous fraudster Bernie Madoff. “Honestly, he deserves jail,” Van de Poppe wrote.

06/11/2022

Less than a minute

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